AUDUSD long setup

3 thg 1, 2017

• Price rejected 0.716 price area three times which has formed a triple bottom
  
• Price broke inner descending trend line with a possible formation of a upward inner trend line
  
• Foresee price coming around the previously broken resistance now turned support.
  
• Which also lines up with my 61.8% fib level
  
• Will be targeting the 0.733 zone which also lines up with the descending trend line were we could see a possible res test of the line before making new lower lows
  

AUDUSD